ZINEZ: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ZINEZ
Largest movements
- Tangible fixed assets +€139,932
new in 2025: €139,932
- Cash -€31,212
down €31,212 (-99.0%), from €31,533 to €320
mainly Investment in fixed assets (net) (-€142,362) and Tax, wage and social debts (-€3,000)
- Receivables within one year -€13,489
down €13,489 (-21.8%), from €61,936 to €48,447
of which Other amounts receivable: -€8,211
- Profit (loss) carried forward +€97,179
up €97,179 (+129.4%), from €75,081 to €172,260
- Tax, wage and social debts -€3,000
down €3,000 (-22.5%), from €13,363 to €10,363
of which Remuneration and social security: -€3,000
- Gross operating margin +€36,290
up €36,290 (+37.1%), from €97,938 to €134,228
- Taxes +€6,834
up €6,834 (+33.6%), from €20,363 to €27,196
- Staff costs +€6,015
up €6,015 (+523.0%), from €1,150 to €7,165
- Depreciation +€2,430
new in 2025: €2,430
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,468 | €188,699 | +€95,230 | +101.9% |
| Fixed assets | 21/28 | - | €139,932 | +€139,932 | |
| Tangible fixed assets | 22/27 | - | €139,932 | +€139,932 | |
| Furniture and vehicles | 24 | - | €139,932 | +€139,932 | |
| Current assets | 29/58 | €93,468 | €48,767 | -€44,701 | -47.8% |
| Amounts receivable within one year | 40/41 | €61,936 | €48,447 | -€13,489 | -21.8% |
| Trade receivables | 40 | €21,189 | €15,911 | -€5,278 | -24.9% |
| Other amounts receivable | 41 | €40,747 | €32,536 | -€8,211 | -20.2% |
| Cash at bank and in hand | 54/58 | €31,533 | €320 | -€31,212 | -99.0% |
| Total equity and liabilities | 10/49 | €93,468 | €188,699 | +€95,230 | +101.9% |
| Equity | 10/15 | €80,081 | €177,260 | +€97,179 | +121.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,081 | €172,260 | +€97,179 | +129.4% |
| Amounts payable | 17/49 | €13,388 | €11,439 | -€1,949 | -14.6% |
| Amounts payable within one year | 42/48 | €13,388 | €11,439 | -€1,949 | -14.6% |
| Trade debts | 44 | €25 | €1,076 | +€1,051 | +4203.7% |
| Suppliers | 440/4 | €25 | €1,076 | +€1,051 | +4203.7% |
| Taxes, remuneration and social security | 45 | €13,363 | €10,363 | -€3,000 | -22.5% |
| Taxes | 450/3 | €7,363 | €7,363 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Remuneration, social security and pensions | 62 | €1,150 | €7,165 | +€6,015 | +523.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,430 | +€2,430 | |
| Other operating charges | 640/8 | €1,258 | - | -€1,258 | |
| Gross operating margin | 9900 | €97,938 | €134,228 | +€36,290 | +37.1% |
| Operating profit (loss) | 9901 | €95,530 | €124,632 | +€29,103 | +30.5% |
| Financial charges | 65/66B | €86 | €256 | +€170 | +197.8% |
| Recurring financial charges | 65 | €86 | €256 | +€170 | +197.8% |
| Profit (loss) for the period before taxes | 9903 | €95,443 | €124,376 | +€28,932 | +30.3% |
| Income taxes | 67/77 | €20,363 | €27,196 | +€6,834 | +33.6% |
| Profit (loss) for the period | 9904 | €75,081 | €97,179 | +€22,099 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,081 | €97,179 | +€22,099 | +29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.